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That form says that out of 570M loss, 250M was from repurchase of stocks, but maybe they then spend it on RSUs for employees.
by riku_iki 3y ago
That form says that out of 570M loss, 250M was from repurchase of stocks, but maybe they then spend it on RSUs for employees.
- lotsofpulp 3y agoYes, share buybacks for the purposes of returning cash to shareholders (and dividends) are not expenses on an income statement, hence they are not included in the calculation for net income.
- riku_iki 3y agoIn this case it is on income statement
- lotsofpulp 3y agoNo, it is not. Page 6 has the breakdown for operating expenses, which probably means it was for compensation to employees. There is no reason to incorporate distributions to shareholders on an income statement. The whole point is to figure out how profitable the business is, and how much is left for the shareholders.